Allspring Global Investments Holdings LLC Purchases 13,821 Shares of Ducommun Incorporated $DCO

Allspring Global Investments Holdings LLC raised its position in Ducommun Incorporated (NYSE:DCO) by 26.4% in the 3rd quarter, Holdings Channel reports. The firm owned 66,076 shares of the aerospace company’s stock after buying an additional 13,821 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ducommun were worth $6,352,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of Ducommun in the second quarter valued at about $35,000. CWM LLC boosted its position in shares of Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after buying an additional 149 shares during the period. CANADA LIFE ASSURANCE Co acquired a new stake in Ducommun in the 2nd quarter valued at approximately $145,000. Finally, Tower Research Capital LLC TRC lifted its stake in Ducommun by 454.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,096 shares of the aerospace company’s stock valued at $173,000 after acquiring an additional 1,718 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Citigroup began coverage on Ducommun in a research report on Thursday, December 11th. They issued a “buy” rating and a $110.00 target price on the stock. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $99.75.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at approximately $6,060,879.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Ducommun Trading Up 0.6%

DCO stock opened at $100.76 on Wednesday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $101.47. The company has a market capitalization of $1.51 billion, a PE ratio of -43.06 and a beta of 1.07. The company’s 50-day simple moving average is $92.83 and its 200 day simple moving average is $91.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same quarter last year, the company earned $0.67 EPS. The company’s revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.